13 Collateral Approval
This topic describes information about the Collateral Approval stage in Collateral Perfection process.
In this stage, the Credit Approver in bank reviews the collateral details along with the Legal Opinion, Risk Evaluation and Valuation details from the corresponding department and recommendation from the Collateral Review stage, and then approves/rejects the Collateral.
The following data segments are available in the Collateral Approval
stage:
- Collateral Summary
- Collateral Approval
- Covenant Details
- Comments